Letter: Cassidy brings relief for flood insurance

Thanks to the efforts of Congressman Bill Cassidy and other members of our state delegation, the U.S. House of Representatives has approved a major flood insurance reform legislation. This legislation, the Homeowner Flood Insurance Affordability Act, includes long-term reforms that would help make flood insurance affordable for families in northeast Louisiana.

The legislation builds upon the Cassidy Amendment, which became law in January. The amendment will delay rate hikes caused in part by the Biggert-Waters Flood Insurance Reform Act for thousands of Louisiana families through at least October of 2015. It is the first step in keeping flood insurance affordable for our families.

The next step is the legislation currently being considered by the House. Thanks to Cassidy, the Homeowner Flood Insurance Affordability Act includes a provision to completely reinstate grandfathered flood insurance rates. Thousands of Northeast Louisiana families that built their homes to existing code would be protected from unfair rate hikes under this legislation

The legislation includes other critical reforms. It removes the home sale trigger, so the buyers of a home that previously had a grandfathered rate will keep that rate. It allows homeowners to pay their flood premium on a monthly installment plan. It is budget-neutral and does not add to our deficit. Thanks to Cassidy, this legislation helps Northeast Louisiana tremendously.

I want to thank . Cassidy for his leadership on flood insurance, and I urge Congress to support this critical legislation. These long-term flood insurance reforms matter for our community.

Lois Hoover

Monroe

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Letter: Cassidy brings relief for flood insurance

Thanks to the efforts of Congressman Bill Cassidy and other members of our state delegation, the U.S. House of Representatives has approved a major flood insurance reform legislation.